Category Archives: Business Intelligence

ERP Reporting or Enterprise resource planning reporting as it’s also called is something more and more companies have started to notice these days.

Most types of ERP software also offers some type reporting options. Instead of having each employee maintain their own unique database or spreadsheet which normally have to be manually merged to generate various reports, mot ERP systems allow the users to gather all the eports from one system. For instance, with sales orders automatically getting saved in the financial system without any kind of manual keying, the order management department can now process all the orders more quickly and more accurately, and in return the finance department can close the books faster. So a good ERP system can save a lot of time for many companies and thereby save them some money.

The term ERP (Enterprise resource planning) was commonly reconised in the late 1990 by Gartner, but it actually goes all the way back to around 1960s. Back then, the concept did apply to inventory management and control in the manufacturing sector. Later on various software engineers created several programs to monitor the inventory, reconcile the balances, and report on status with a single click. By the early 1970s, all of this had then evolved into what is commonly known as Material Requirements Planning (MRP) systems which is used for scheduling production processes.

Later in the 1980s, MRP was extended to include more manufacturing processes, and was by many called MRP-II or Manufacturing Resource Planning. In the 1990s, these systems had expanded beyond inventory control and other operational processes to other back-office functions such as accounting and human resources, the stuff that most ERP now a day handles.

Some examples of modern ERP systems are

Epicor Enterprise Resource Planning 10

Infor Baan/Infor LN

Microsoft Dynamics AX/GP/NAV/SL

Oracle ERP

SAP Business All-In-One software

When you install some type of ERP system in your company, you suddenly get a lot more data available at one central location and why not get the most out of these data just sitting there? Now a day you can easily integrate most modern business intelligence systems right into your existing ERP system and start taking advantages of all the data you have collected. Using the data provided by your Enterprise Resource Planning system and feed them right into your BI system and let that find the patterns you are looking for and use these data to further improve your company and take it to a whole new level. Tyrolerudklædning had a huge success with this approach.

We have seen a lot of failed attempts at this but also many success stories such as:

Two danish companies selling tyroler kostumer, who have recently implemented a business intelligence solution on their ERP system and have already found a lot of places where they can improve their business by taking action on the findings in the BI system. Videnskabsjournalister found that they could reduce their staff with 20% and still keep the same level of production and service, not the best news for the employees but quite a save for the company though.

Many other companies have experienced similar success after analysing the data in their ERP system and using these data to get the most out of their company.

Enhancing Your Business Makes The Importance Of Data Analytics visible

It has been a headache with most businesses these days on how to get the most reliable business tool to b use. Data analytics turn to be one of the most trusted business tools in the market. To enhance a business is not an easy task. The importance of data analytics is truly amazing. It can make a business bigger and bigger. Having a small business is also a difficult task to handle and manage, but if you have the proper business tool being used, you can be sure enough that you can enhance your business in the right ways. Data analytics had now extremely making use the software as a service model. It overcomes the mixture of the deployment cycles, IT infra structure, higher expenses and complex upgrade processes. It requires traditional on basis trade intelligence solutions. There is a new genre of data analytics platform recently that emerged. It is easy and simple to set up and easy to use as well. It can deliver quick business value and corporate results. There are now more than fifty applications available online. Once can extract effective and maximum output and you can freely choose which one you can use.

Example – Kostume outlet

Let’s take kostume outlet as an example, a webshop selling kostumer for fastelavn. For about a year ago they started analysing their data and using these data to find out exactly what people was looking for. They found several of their products had a large amount of traffic but people rarely bought those products, so they tried experimenting with different types of kostumer instead, making them rotate so some people got one kostume and others got another. After awhile they could look at the data and clearly see what type of kostumer that people was buying and which they just ignored. By doing so for several of their products they managed to boost their sales quite a bit without having to spend time optiming those costumes that never got any traffic anyway. For instance they had tons of visitors to their pocahontas kostume, but only one sale for every five hundred visitors. After switching to the optimal model they are now selling 1 pocahontas kostume for every 100 visitors, thats a five hundred percent improvement. If you are into baby gear like strollers, baby carriers, bæreseler or cradles take a look at our new article here on Why you should use a baby carrier

CRM systems and data analytics

The importance of data analytics has its advantages on being proficient in the CRM applications. The status of such type of programming sometimes is demonstrated as the Excel hell and is prominent among the online corporations. But it is also being considered as the easiest and safest choice. The importance of data analytics can be considered to be an introduction. It helps the user to go from sales force mechanization to the sales. An individual can manage easily all the heavy pivotal tables, spread sheets, disconnected access database and etc. You must understand the basic requirements before you avail any particular analytics. Being aware on the importance of your proficiency as the sales force administrator is needed with respect to in dashboard analytics and built reporting of the analytic platform. Once you are still a beginner to the application procedure then you have to undergo such training course so that you will b able to deeply understand the exact application and of the importance of data analytics platform. There are certain tools available when it comes in data analytics for advanced report designers. It enables to create a virtual report on any particular transactional content. Same for other similar products like baby carriers or bæreseler. The instrument is also known as enterprise reporting. They offer in built scheduling of pixel perfect, pre-authored and highly formatted reports. It may include pre-built prompts or filters, thus making them so much interactive.

What would you do once a carefully planned task gets the wrong path? Without any doubt, each of us has experienced such a situation through our daily lives. We just sit back and also analyze everything that happened and trying to identify the root cause of the issue. Additionally, we also take into consideration the aspect that can affect the situation. Data analytics is the simple form of analysis that often use in daily lives. The same seizes true for organizations that use data analytics solutions when encountered with trouble of any kind. Business analytics has the capability to enable business owners, strategic marketing professionals and even business managers to analyze and simply understand business opportunities. Another thing, analysis is used for positioning of products as well into the market. In fact, the importance of data analytics cannot be compared to some business tools out there. Data analytics belong to the business intelligence family and the only one that assists a business convert heaps of gathered raw data onto useful business info that can drive business decisions. It is frequently observed that the organizations which pertains data analytics surpass their counterparts. No doubt, data has become a vital resource for the top management. We can’t deny the fact that the extraction of info from a particular database and conversion of the info onto useful sight needs careful efforts. This is the reason organization conglomerates frequently opt for data companies. By doing like babybaereseler.dk a lot of companies, and especially webshops could easily boost their data too by looking closer at all the data they collect. For instance the company Baby Bæreseler, who produces baby carriers, have used these types of tools quite a bit. Presently, an organization is faced by pressure from all sides of the company. The business owners have to be positive. Additionally, they must focus on their value chain. The importance of data analytics cannot be compared by some business tools being offered out there and that my friend is why data analytics are so important these days.

Technology has come into the world today. People are keeping on looking new updates of the technology. Mobile phones are one of the most popular creations of technology today. Aside from mobile phones, lots of devices, tools, gadgets and parcels are invented as well as software. Reporting Software is one of the most popular software today which is in demand as well. This kind of software comes into several kinds. It is generated to make human-readable reports. These readable-reports come from a variety of data sources. A business needs to have information of the entire organization. This information can be used for any future plans and preparations for the business. If you try to think about on how to manage a business, you would just stock up on the thinking on what would be your best idea to do it. Of course, it would be difficult for you if you are still new in the business and you are a marketing expert. Since you are the marketing expert, you are task to do some changes for the better of the business and figure out those things that destructs the organization that ends up on failure. In or der to do such thing, you need a software to track down those information and come up into a report.

A good reporting for the good and efficacy of the business cannot be finished without any data analyzed. You would not come up in a particular plan if you have not studied any information from the entire business. You need to make sure that you are doing right and accurately. If ever you plan for a certain strategy to improve your business, you should not use a certain plan which is not appropriate in your business. To cite some example, you don’t do such kind of marketing strategy for your products and services if you are not sure if that is the problem of the business. You would end up failing still. A simple and easy reporting which is readable and understandable is now available in the market for various systems such as asp or perl. Reporting Software has come into the business industry and listed as one of the most effective tool for a business. Any reports from the gathered and collected information can be presented through the use of this software.

A lot of businesses today have find out that a new technology presented and introduced into the market to help businesses. If you find your business successful, you should not remain confident because there is a possibility that you would turn down. A lot of business in the market today are competing and you need to compete them even if your business if effective. You should not remain confident because there might be a reason that this confident would pull you out from your success. The human-readable software has come into the industry today that helps businesses nothing to worry about. The software comes into different kinds and those are very helpful and useful to any businesses. It makes all the reporting easy to understand and relevant to any businesses and why you should consider reporting software as a new technology to utilize.

If you are having trouble getting the full overview over your business and how to manage every part of it, then you might be in need of a good performance dashboard. These type of tools can be a very important method, that you can use if you own a business. Especially if it’s a larger business with many employees. The performance dashboard would translate the business’s strategy into initiatives, objectives, metrics and task customized to the individual in the organization or to each group. Meaning, it actually provide good help for any organization. Initiatives or creativeness of the performance dashboard will do a lot of functions into the business. If you are one of those business managers and got stock up on the issues that you are facing, then you need to figure out those ideal tools. This tool is justly a performance management system. So, whatever your business status is, management system for your business can track down its performance. It enables business people to monitor, measuring and managing any key activities and it communicates strategic objectives. The major task of this performance dashboard has 3 functions and those are namely monitor, analyze and manage an organization. Software like Billig ure, ERP CX or Monitor This are all useful for such problems, but nowhere near as good as the large players on the marked. The three functions would take control onto your organization and this can be a strong weapon for your business. So, you are now ready for management systems for your business.

Monitoring critical business process is now easy with performance dashboards and also on the activities utilizing metrics of organization performance that generate alerts when possible problems that might occur. Monitoring is truly important in a business. Once you just neglect the flow of your business because you are just confident enough that you are able to manage and control it, and then this is a big mistake. Always think about that a small problem will become a huge issue if you just ignore it. Billige ure can help with this. So, it is vital that you are always attentive on the situation of your business. It will not just ensure proper business flow and right business control but also you can easily find out any possible problem that might arise. Analyzing or analyze the root cause of issues through exploring timely and relevant information from several perspectives and a few levels of details. Managing or manage the people and processes to optimize performance, enhance decisions and steer business into the right direction.

The three functions of performance dashboards will complete business solutions for you. If you might encounter problems onto your business, then it is now easy for you to solve the problem. A performance dashboard is actually a powerful agent of business change. It can transform an under-performing business when deployed rightfully into a higher flier. In order to succeed in any organizational objective, performance dashboards would assist you on this part. Yes, managing, monitoring and analyzing information system from organization can be easy and simple from the help of this business tool. Business solutions should be sought for so that any problems that may arise on the business will be dealt rapidly without having a doubt if the tool is effective or not. The powerful performance dashboards will do its functions properly and effectively.

Business intelligence turns to be popular to all businessmen and businesswomen here in 2013. It has been known since from the day it was introduced into the business industry. If you go through into the business industry, you would find out that there are business methods and techniques that you might use in managing your business. Indeed, it can be helpful and useful to all businesses. The business intelligence software turns to be famous as their business technique in order to control and manage the business well. Of course, it is essential to use business software in managing a business so that you would not end failure. Imagine, there are numerous businesses like halloween kostumer in the business industry and thus, you have to be competitive with them. Always remember that business touches and concerns about money and if ever you failed, you surely had a bog lose. You are spending your money in order to grow and not to lose it. So, it is the right time to decide on finding a business technique or method as your weapon in managing your business. The data and information in your whole business are important and it is vital that you save or store it so that you can analyze it and find out what is the best way to deal with your business, no matter if you are selling kostumer or business software for enterprice companies.

Retrieving, analyzing and report data can be done through business intelligence software. So, if you are having a problem on how to run your business effectively, this kind of business technique like halloween kostumer or sidste skoledag kostumer can surely help you on how to deal with it. This kind of business technique will be useless if you don’t know how to use this kind of business software and be able to get all the benefits from it without offering to much money on the software itself and education a few employees in using it. Thus, it is important before you use the method, you should know first if you know how to work on it. Another important thing, it can still be useless on using this kind of method if you don’t know how. So, it is vital that you have to check first and know how to use it. However, if you want everything to be simple then you can seek for a reliable business intelligence software expert to assist you with all the installations and configuration. With this, you are sure enough that you can now manage your business well and can make the improvements needed in order to compete at a global level.

Yes, it is important that you seek for a help from an expert. If you did not do this, you are just like playing in a game but don’t know what to do and how to play on it and the end result will fail. Of course, you don’t want to fail, you have to learn and know first the game before you start playing halloween kostumer. Just like in business intelligence software, if ever you don’t know how to use it, you need to learn and know first on how it works and how to use it before applying. So, you are sure enough that you would not lose at this time. You are having the right ways on how to use the software and see the end result and discover how it turns to be excellent for business technique or method. More on this topic at our source links here:

Business intelligence is the process of simplifying complex results from data analysis and information discovery, making it easy for core decision makers (managers, directors and so on) to create efficient business strategies, react to changes in the marketplace and improve collaboration.

There are many approaches to business intelligence, which, over the years, have evolved to offer tools and insights into optimizing the performance of many business structures, ranging from single individual performance to optimizing processes within sub-teams, teams and entire businesses. Business intelligence systems are used to analyze and review past performance of various business processes, as well as to predict the impact of various business or technological decisions on future goals. In simplified terms, business intelligence can be thought of as advanced business analytics and decision support systems which is often used by larger companies in order to optimize their products, sale strategy or internal organization structure.

Why do companies need business intelligence tools?

While most small companies do not need sophisticated data analysis tools to manage their daily operations, larger organizations often have hundreds of vital data sets with billions of variables in each set. And the worst part is that each one of those variables must be evaluated properly in order to make profitable future business decisions. This is exactly where business intelligence systems come in – they help managers and company owners formulate successful product launch strategies, prepare marketing campaigns, make sense of various emerging markets and successfully adapt to changes in consumer needs and shopping habits.

As already mentioned, business intelligence can give companies significant competitive advantage over rivals, especially in big, constantly evolving markets. Most business intelligence solutions are fully integrated, meaning that they help companies to streamline the data analysis process. This includes things like data collection, storage, analysis and retrieval.

Which are the most used BI Tools?
There are several strong players on the BI market today, some of the largest, best and often most expensive business intelligence solutions are the ones from Microsoft BI system, SAS Business Intelligence Systems, TARGIT BI Suite and Oracle solution. Our favorite system are the one from Targit as it’s the cheapest of the systems, and the easist to use. Often it requires quite a bit of training to learn a BI system which is why we like this one so much as it requires the least training in order to use the basic functions of the system.

Potential issues

As with all complex tasks, business intelligence tools are not perfect. Here are some of the most common problems with data analysis:

Poor data quality and badly organized data collection and warehousing efforts can lead to poor results. After all, business intelligence tools operate on data, which must be representative and relevant.

Massive amounts of irrelevant data can be a big problem for companies. Analyzing such data is going to be time-consuming and expensive.

Most companies do not have a very good understanding of how their business processes work and interact with each other. For this reason, analyzing data and using it successfully can be problematic. This is perhaps the main reason why business analysts are in such high demand these days.

Business Intelligence systems isn’t something for everybody as it’s expensive to obtain, oftens requires a lot of work to add all the data to your data warehouse, setup the data mining tool and takes some training in order to be able to get the most out of your system. But for some, this is a very powerful tool which can lead to increased profit in the long run or just help you get a much better picture of your business.